Auflistung nach Autor "Thakor, Anjan V."
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P2P Lending versus Banks: Cream Skimming or Bottom Fishing?
de Roure, Calebe; Pelizzon, Loriana; Thakor, Anjan V. (2018-04-18)We derive three testable predictions from a bank-P2P lender model of competition: (i) P2P lending grows when some banks are faced with exogenously higher regulatory costs, (ii) P2P loans are riskier than bank loans; and ... -
The carrot and the stick: Bank bailouts and the disciplining role of board appointments
Mücke, Christian; Pelizzon, Loriana; Pezone, Vincenzo; Thakor, Anjan V. (2021-07-08)We empirically examine the Capital Purchase Program (CPP) used by the US government to bail out distressed banks with equity infusions during the Great Recession. We find strong evidence that a feature of the CPP - the ...